Like other sectors, insurance companies can benefit from leveraging cloud-managed networks services. Some of the common advantages found in Cloud Computing include lower capital costs (Capital Expense or Capex), faster deployment, and lower IT operating costs than using your infrastructure.
All these advantages are certainly enough to encourage companies to adopt cloud technology services. However, Cloud services can also provide other benefits, namely making it easier for insurance companies to create innovations to be more competitive and provide better service to their customers.
The latest digital technologies such as AI (Artificial Intelligence), ML (Machine Learning), IoT (Internet of Things), and Big Data Analytics have opened new opportunities for insurance companies.
Previously, this latest technology required a large initial investment. However, thanks to cloud technology services, insurance companies can explore and use the latest innovations at affordable costs.
Fraud claim detection is also something that can be done more …